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The Coronavirus Economic Response Package Omnibus (Measures No. 2) Bill 2020 (the Bill) was passed by Parliament to introduce the JobKeeper payment.

Mathew has a wealth of experience across all aspects of accounting and has developed a specialisation in tax, particularly income tax and GST, management accounting, cash flow and budgeting, and business restructuring. Mathew has a passion for the local community and is highly regarded by his clients because of his experience and ability to effectively provide exceptional service and advice across all levels and areas of business.

The last few months have had far reaching implications for many businesses across Australia. Whilst some businesses are starting to show signs of recovery, there are a few ‘ticking’ timebombs you need to be aware of as a company director. Directors may be personally liable for certain actions by the company including situations of insolvent trading and failure to meet employee (PAYG and superannuation guarantee), or GST obligations (in certain scenarios). The Government has provided some relief for directors in relation to insolvent trading due to the impact of COVID-19, but it is important to look out for issues not necessarily covered by the relief.

Whether it’s after being left a property, buying a new block of land, or realising that you’d be better off selling some of the acreage attached to your home, many people around Australia may at some point find themselves embarking on an exercise to leverage their real estate to its best advantage.

The Tax Administration Act 1953 empowers the ATO to issue a DPN which ultimately seeks to impose personal liability on a company’s director in respect to certain tax debts owing by the company.

Lucinda has extensive experience providing taxation and business advice to small and medium businesses, and large private groups including those participating in the Top 500 Private Groups Tax Performance Program. Lucinda has a strong understanding of business, tax and accounting including GST and corporate structuring, for local and national businesses, enabling her to effectively advise, plan and implement strategies to meet your goals. Across various industries, Lucinda delivers tailored solutions to ensure optimal business performance. Her attention to detail is highly regarded by her clients, ensuring she fully understands their business, needs and goals to provide the right advice for now and into the future. Lucinda delivers a high-quality service to clients, maximising benefits that provide the best outcome, including successfully obtaining Justified Trust for a Top 500 Privately Owned Group.

The lodgement end dates for individuals are detailed in the following table:

Businesses who make payments to contractors in relation to certain services may be required to prepare and lodge the Taxable payments annual report (TPAR) which is due for lodgment by 28 August 2020.

The new South Australian COVID-19 Additional Business Support Grant - will deliver about an extra $40 million in support to an estimated 19,000 local businesses in eligible industries.

The Australian dream has long been to own your very own castle. This has long been part of the Australian psyche and is reflected in the tax exemption for the “family home” in tax law. Capital Gains Tax (CGT), broadly does not apply to a property you call “home”.

End of Year Tax Planning Checklist 2016 This paper summarises various items that may need consideration, prior to 30th June 2016, for effective tax planning.

Daniel joined Moore Australia WA in 2011 and has been responsible for the delivery of tax compliance and tax consulting matters in our Tax and Business Advisory division providing a commercial and practical approach to client’s needs. Daniel also provides tax support for other accounting divisions and professionals such as audit, legal practitioners and financial planners. As a Director with over 15 years’ experience in public practice, Daniel has expertise in tax consulting and compliance for government agencies, small to medium businesses both locally and internationally, as well as not-for-profit organisations with his work requiring a comprehensive knowledge of taxation, accounting, and commercial matters. Daniel is a member of the CAANZ, a Chartered Tax Advisor, a Registered Tax Agent and regularly presents for various entities such as local governments and other professional bodies. Areas of Expertise Corporate tax (compliance and advice) International tax (inbound and outbound) Indirect taxation (FBT and GST) Tax effective structuring Tax due diligence Tax effect accounting Business services Employee taxation and incentives (including ESS) Employee mobility

Varun was previously with Moore Australia (WA) for several years and then gained further experience within the specialist tax consulting division in a mid-tier firm. Varun joined Moore Australia in 2019 and is the National Head of Technical Tax and Business Advisory. Varun has numerous years of experience in taxation, business advisory and has advised a wide range of clients across various industries. Varun has extensive experience in providing consultancy services in relation to various areas of taxation. Varun also conducts tax training presenting on complex taxation issues in an understandable and practical manner. Areas of expertise: Capital gains tax Income tax International tax Fringe Benefits Tax Goods and Service Tax Business advisory

Following the Federal Government’s announcement regarding changes to the proposed JobKeeper 2.0 Rules, due to take effect from 28 September 2020, Treasury issued an updated factsheet this morning. Changes made to the original version of JobKeeper 2.0 are outlined below.

In the 2019 Budget changes to property deductions were announced. In typical budget fashion, the announcement was light on detail and couched around the phrase “integrity improvement”. The changes are focussed on holding costs for vacant land.

Small business owners in Queensland who restructure their business on or after 7 September 2020 may be eligible for full or partial duty exemption on the transfer.

Robert is an experienced chartered accountant with more than 23 years’ experience. His clients are varied, and the industries include construction, property developers, medical, professional services, technology, managed funds, global multi-national companies. In addition, Robert acts for several family offices and groups with just investment income. Services provided to his clients include core compliance such as financial statement preparation and tax lodgements (income tax, GST, Land Tax , stamp duty). In addition, Robert meets regularly with his clients which often include board members and key management staff to understand their issues so that he can be more proactive with his advice. Having broad and diverse connections with other professionals ensures the right person can be brought in to assist his clients if needed. Having acted on numerous business acquisitions/sales, capital/debt raising, and debt/business restructures, he is well versed to act as his client’s trusted advisor. Always trying to deliver solutions that meet the individual needs of his clients, Robert makes a point of being especially responsive to phone calls and emails. He believes taking the time to explain and talk through complex matters often uncovers other issues that need to be considered. Often he will stop in at a client’s on his way to or home from work. In addition, Robert has worked extensively with his clients on their estate and succession planning. He always tries to think outside the square to see if there is a legitimate way of minimising tax and improving cash flow. The use of Self-Managed Super Funds (SMSFs) as part of a holistic wealth creation strategy is becoming increasingly common and has become a core part of the advice Robert provides.